Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.030%

Price spread now: Bybit against Coinbase International−0.992%7-day average +0.200% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 4 days (all we have)+0.994%+$99 · spread now −0.992%, 7d avg +0.200%

Together, before fees+1.181%+$118 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 1.193% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.992% now, against its 7-day average of +0.200%). If the spread goes back, that is −$119 on $10k: about 35 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LITE-PERP-INTX	946.24	−0.0112	get 0.0014% / 1h	22m 36s	$93K	$215K	10x
Short	Bybit LITEUSDT	936.85	0	get 0.0000% / 8h	7h 22m	$1.8M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BybitbpOrdersPrice spread, now −0.992%Rate

Funding earned: $23.52
Price spread: −0.992% → +0.200%: −$119.25
Slippage, 4 orders: −$44.42
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$161.15
Costs to cover: 0.654%
Break-even: 55.0 days

Slippage from Coinbase International: live order book, 10 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 10 min ago	10.56 bp	15.6 bp −$16	23.4 bp −$234	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.25 bp	14.2 bp −$14	72.3 bp −$723	doesn't fit	doesn't fit

LITE on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LITE_USDT_Perp	−0.0349%	8h	933.97	−1.297%	$504	$191K	10x	as long as short
Coinbase International LITE-PERP-INTXlong	−0.0112%	1h	946.24	long leg	$93K	$215K	10x
Bitget LITEUSDT	−0.0072%	8h	937.17	−0.959%	$2.6M	$3.2M	20x	as long as short
Aster LITEUSDT	0.0000%	8h	936.38	−1.042%	$105K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	936.15	−1.067%	$45K	$249K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	936.38	−1.042%	$11.9M	$50.8M	25x	as long as short
Bybit LITEUSDTshort	0.0000%	8h	936.85	−0.992%	$1.8M	$2.1M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	937.41	−0.933%	$3.5M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	937.14	−0.962%	$7.8M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	933.09	−1.389%	$256K	$139K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	935.50	−1.135%	$748	$3.6M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	935.36	−1.150%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	935.68	−1.116%	$1.5M	$743K	10x	as long as short
BloFin LITE-USDT	+0.0006%	8h	935.56	−1.129%	$216K	$245K	20x	as long as short
QFEX LITE-USD	+0.0014%	1h	935.03	−1.185%	$1.1M	$3.9M	10x	as long as short
Lighter LITE	+0.0032%	1h	936.86	−0.991%	$26K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	934.92	−1.196%	—	$3K	10x	as long as short
tradeXYZ xyz:LITE	+0.0050%	1h	936.88	−0.989%	$7.6M	$5.7M	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	936.15	−1.066%	$73K	$220K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	935.31	−1.155%	$22K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	935.05	−1.183%	$33K	$356K	10x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	935.39	−1.147%	$909	$3K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	936.02	−1.080%	$514K	$99K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	934.48	−1.243%	$16K	$266K	50x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0103%	1h	935.09	−1.178%	$18K	$41K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	935.72	−1.112%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0252%	4h	933.42	−1.355%	$55K	$482K	10x	as long as short